VOTE411 Voter Guide

Shall the City of Rio Rancho issue up to $4,200,000 of general obligation bonds, to be repaid from property taxes, for the purpose of designing, constructing, repairing, preserving, rehabilitating, enhancing and otherwise improving public safety facilities and repairing, replacing or otherwise improving public safety vehicles, apparatus, and equipment? What is proposed is a bond question in the amount of $4,200,000 to be used for designing, constructing, repairing, preserving, rehabilitating, enhancing and otherwise improving public safety facilities and repairing, replacing or otherwise improving public safety vehicles, apparatuses, and equipment. Approximately $3,885,000 is estimated to be available for projects after accounting for the required 1% for the Arts, bond issuance costs, and contingency. Current and recurring revenue sources are not keeping pace with municipal government’s needs for vehicle and apparatus replacement as well as facility improvements in relation to its public safety departments (Police and Fire & Rescue)Projects........................................................Details............................................................... Total EstimatePolice vehicle replacements Approximately 17 vehicles $1,196,500 Police crisis negotiation team Replaces existing vehicle that is a $350,000 vehicle replacement repurposed ambulance Fire & Rescue ladder truck replacement Replaces unit from 2017 (moves to $2,200,000 reserve status) Fire & Rescue engine replacement Replaces unit from 2017 (moves to reserve $138,500 status); total cost is $900,000; additional funding sources will be utilizedNote: 1% of each general obligation bond is dedicated for works of permanent public art.